Rise Advisors LLC Sells 47 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Rise Advisors LLC trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 11.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350 shares of the apparel retailer’s stock after selling 47 shares during the quarter. Rise Advisors LLC’s holdings in Lululemon Athletica were worth $132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LULU. Edgewood Management LLC purchased a new position in Lululemon Athletica in the fourth quarter valued at about $824,128,000. D1 Capital Partners L.P. purchased a new position in Lululemon Athletica in the first quarter valued at about $279,637,000. Renaissance Technologies LLC purchased a new position in Lululemon Athletica in the first quarter valued at about $278,751,000. Alyeska Investment Group L.P. purchased a new position in Lululemon Athletica in the first quarter valued at about $180,458,000. Finally, Two Sigma Investments LP purchased a new position in Lululemon Athletica in the first quarter valued at about $146,557,000. 91.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Michelle Sun Choe sold 27,981 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $401.00, for a total value of $11,220,381.00. Following the completion of the sale, the insider now directly owns 3,892 shares in the company, valued at approximately $1,560,692. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LULU. KeyCorp lifted their target price on Lululemon Athletica from $425.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, September 1st. Robert W. Baird raised their price target on Lululemon Athletica from $430.00 to $455.00 in a report on Friday, September 1st. Deutsche Bank Aktiengesellschaft raised their price target on Lululemon Athletica from $465.00 to $471.00 in a report on Friday, June 2nd. Sanford C. Bernstein raised Lululemon Athletica from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $328.00 to $366.00 in a report on Tuesday, September 5th. Finally, Oppenheimer raised their price target on Lululemon Athletica from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $438.62.

Lululemon Athletica Stock Up 0.3 %

Shares of Lululemon Athletica stock traded up $1.19 on Friday, reaching $389.93. The company’s stock had a trading volume of 1,411,191 shares, compared to its average volume of 1,631,043. The company has a market capitalization of $49.55 billion, a P/E ratio of 49.36, a PEG ratio of 1.72 and a beta of 1.39. Lululemon Athletica Inc. has a 52-week low of $277.50 and a 52-week high of $406.94. The stock has a 50-day moving average price of $382.43 and a 200-day moving average price of $363.65.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.14. Lululemon Athletica had a return on equity of 44.47% and a net margin of 11.40%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. Sell-side analysts forecast that Lululemon Athletica Inc. will post 12.16 earnings per share for the current fiscal year.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.